Borrowers may find homeownership affordable since this program saves them up to hundreds of dollars a month in private mortgage insurance (PMI) and allows parents and others to contribute to the downpayment and closing costs.

This new program is available through a partnership with Self-Help Credit Union, Bank of America, and mortgage investor Freddie Mac.

Homebuyers may apply for the Affordable Loan Solution mortgage at Bank of America branches across the country. Click here for more information or call (866) 466 -0979.